needsdarkness6016
18.10.2020 •
Mathematics
if $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in 3 years ?
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Ответ:
154.44
Step-by-step explanation:
What is 13% of 396?
Y is 13% of 396
Equation: Y = P% * X
Solving our equation for Y
Y = P% * X
Y = 13% * 396
Converting percent to decimal:
p = 13%/100 = 0.13
Y = 0.13 * 396
Y = 51.48
Now multiply by 3 (amount of continuous years)
51.48 * 3
=154.44
Hope it helps!
Ответ: